Nascar Economics

Put the pedal to the metal. Let’s give this baby the “juice”. Its time to show this world what we have. The BULL of ALL BULLS. Its party time. You wanna short me??? I’ll rip your head off and sh*t down your neck. This is the put up or shut up time for the bears and my guess is when they get through with the bears the only thing left to do will be to turn out the lights. Straight up from 666 to glory. You can count on one thing for sure….Ben’s got your back baby.

How do you trade the greatest bull ever when you know its all one great big effort to prop up the greatest ponzi of leverage EVER?? Well…..long of course. You hold your nose and you wade in to the nastiest mess ever created by man. Over 1.25 Quadrillion of derivatives created (most of them over the last 10 years) making this toxic brew worse than the radioactive waste pouring into the Pacific Ocean from the FUKU reactors. You couldn’t have made this kind of scenario up. Its non-fiction that would put most Hollywood writers to shame. Wouldn’t it be nice to go back to those days of yesteryear believing that laws mattered and that if you blew your wad on an overleveraged scam you just got your plug pulled and you went BK. Now balance sheets must be sheilded from the public while the PTB play a game of extend and pretend and maintain “business as usual” in hopes that a magical patch will be found to stop the bleeding and the eventual collapse.

I still like some great spec plays as long as the liquidity spigot is on ….ANIK and POZN have a nice shape….but only for your mad money and be nimble. Both are not as bad as some of our Chinese plays but they can still take hits…..but the risk/reward is enough.

As stated repeatedly Gold and Silver is making its breakout run and PHYS PSLV is how I’m playing it. You have decide your tolerance here but for a trade you gotta like it. Iam in heavy cash for safety but day trading the miners. I know I know…..42 is my target on silver and its getting damn close. Gold in PHYS is more of a hold here. 1500 is so close I can smell it. I may hold PHYS to 1600…I like that number…it reminds me of 1600 Pennsylvania…

HNR looked like a move is coming after yesterday’s volume up move…yum.

Forget the noise hold what you can afford to sleep on at night and try to stay in the game….gl

Read more at Great Depression 2